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Dec 31, 2014
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the fourth quarter, with all its drama with ebola, with russia, with the ruble, with oil, is going to be the best quarter of the year. three consecutive months of gains. >> and december also is traditionally a very positive month for stocks. ending higher. >> there's the s&p at the top of your screen. the final opening bell of the year down here at the big board. cast members of broadway's "on the town" to celebrate the 70th anniversary of that production. over at the nasdaq times square alliance, an organization dedicated to improving and promoting times square which is going to be busy busy busy tonight. keep our eye on some names. boots alliance is making some news, having finished that merger. >> some debate to do whether it's walgreens boots alliance or boots walgreens alliance. they should be trading over on the nasdaq. now a holding company, of course, with one of the largest pharmaceutical chains in this country. a prominent chain in boots across europe. with alliance you have the wholesale operation. they say they're now serving 180,000 pharmacies and they would hope to have
the fourth quarter, with all its drama with ebola, with russia, with the ruble, with oil, is going to be the best quarter of the year. three consecutive months of gains. >> and december also is traditionally a very positive month for stocks. ending higher. >> there's the s&p at the top of your screen. the final opening bell of the year down here at the big board. cast members of broadway's "on the town" to celebrate the 70th anniversary of that production. over at the...
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Dec 29, 2014
12/14
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russia's economy is shrinking for the first time in years. the u.s. market continues to go to record highs. talk about resilience. is that going to continue that resilience in the face of global turmoil. >> you are going to see more money flowing into the u.s. market, certainly with the strong u.s. dollar that's giving you that double benefit there. there are really not a lot of alternatives. if they can get the european economy going, that may stimulate things a little bit. i think that's what sets you up for a more volatile middle year next year as opposed to a linear, strong year. >> i certainly wouldn't want to be the international revenue line at a caterpillar or mcdonald's or a coke. >> with all that i think earnings still will be pretty good. analysts have reset the expectations solo. growth expectations are down about 4% from the beginning in the quarter. a lot has been energy. >> what about energy. let's say we stay at this sort of price for what's texas crude. >> i think if you are going to get blow-ups within the market. >> if you stay at t
russia's economy is shrinking for the first time in years. the u.s. market continues to go to record highs. talk about resilience. is that going to continue that resilience in the face of global turmoil. >> you are going to see more money flowing into the u.s. market, certainly with the strong u.s. dollar that's giving you that double benefit there. there are really not a lot of alternatives. if they can get the european economy going, that may stimulate things a little bit. i think...
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Dec 26, 2014
12/14
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you'll see real geopolitical shifts harm being done to russia, iran and venezuela. that is going to continue for -- who can predict the price of oil? it's going to continue for a while. the strong get stronger. a company like exxon, this will make them more efficient. this will weed out marginal players. exxon is conservative. and some of the international oil companies like chevron and conoco. >> incredible. saudis resolve, big story today how they are not changing their budget in the wake of these prices. >> what happens in russia. putin has taken the hard line trying to convince his people this is all about the u.s. this is going to mean big changes around the world. i don't understand why we can't export liquid natural gas to the germans. we need free markets. that would make everything better. whether this is strengthening the u.s. position helping u.s. consumers. it's got to be good for the u.s. economy. if people don't have a good economy, they are going to suffer. >> bill, thanks so much for the time. >> thanks having me back on the show. very good to talk t
you'll see real geopolitical shifts harm being done to russia, iran and venezuela. that is going to continue for -- who can predict the price of oil? it's going to continue for a while. the strong get stronger. a company like exxon, this will make them more efficient. this will weed out marginal players. exxon is conservative. and some of the international oil companies like chevron and conoco. >> incredible. saudis resolve, big story today how they are not changing their budget in the...
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Dec 24, 2014
12/14
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some of the top losers were funds focused on russia, where the benchmark fell 44% amid international sanctions and a currency crisis. the fund feeling the post pain appears to be long only russian prosperity fund. down about 44%. there are also prominent u.s. fund managers on that hard luck list. paulson and company. their advantage plus fund with an, um in the low billion dollars. down about 22% through november 30th according to recent hedge fund reports. on an investment mix that spans their strategies from gold to merger arbitrage. that's a conglomerate. saba capital offshore fund, that's a credit focused fund, down close to 10% through the same period of time. another disappointment for wynne steen, who also had a tough year last year. on the upside, lower profile funds actually won big. merchant rose about 45% for this year. that's their best ever performance by accurately calling both the natural gas spikes of the first quarter this year amid the polar vortex and the bearish indicators in crude later this year, particularly into the opec meeting. bill ackman's pershing square.
some of the top losers were funds focused on russia, where the benchmark fell 44% amid international sanctions and a currency crisis. the fund feeling the post pain appears to be long only russian prosperity fund. down about 44%. there are also prominent u.s. fund managers on that hard luck list. paulson and company. their advantage plus fund with an, um in the low billion dollars. down about 22% through november 30th according to recent hedge fund reports. on an investment mix that spans their...
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Dec 23, 2014
12/14
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and he was talking about russia collapsing, david. that would not be necessarily positive. i don't want to base my whole outlook on an e-mail. i agree with david that a little conversation would help. obviously, if next year's 1999, then we're going to have a remarkable year, and you'll have to sell the last day of december. >> meantime, the gdp number driven largely by consumer spending. some good capex numbers in there. the last one was 3.9, going to 5. when you start revising jobs numbers up higher, you're missing -- the data's missing the momentum, the argument goes. >> yes, well, remember what dave cody said from honeywell. he said, we have been stymied here, absolutely stymied here because of higher gasoline and higher oil. and that that's going away. and when you get oil down to a level that is really good for the u.s. economy, and for the emerging markets, then you're going to end up having a very good economy. and we have it now. i mean, gasoline has fallen dramatically. it's really good for discretionary spending. the actual percentage of jobs that were presented
and he was talking about russia collapsing, david. that would not be necessarily positive. i don't want to base my whole outlook on an e-mail. i agree with david that a little conversation would help. obviously, if next year's 1999, then we're going to have a remarkable year, and you'll have to sell the last day of december. >> meantime, the gdp number driven largely by consumer spending. some good capex numbers in there. the last one was 3.9, going to 5. when you start revising jobs...
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Dec 5, 2014
12/14
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russia defaulted on its debt. chavez was elected when opec forced cuts on venezuela and their standard of living went down. that sort of thing -- we've got to expect it. there's going to be turmoil. >> can you put it in context of today's jobs report. some worried that the investment boom created with shale and energy would hurt job creation in this country. so far things look good. >> it does look good. i am not that surprised. i think we are starting to see consumer spending. auto sales this month were great. early christmas sales didn't look fantastic. it's early in that game. that is one slice of the consumer thing. in theory this higher consumer spending will lead to hiring and greater domestic growth in the u.s. >> in terms of stocks, a lot of the targets are not far from where we are now. >> i expect they'll move up a bit. stocks are high right now. they are a full valuation. this oil price collapse is going to put additional wind behind the backs. i think it will causes a mates to go up. >> i can't imagine
russia defaulted on its debt. chavez was elected when opec forced cuts on venezuela and their standard of living went down. that sort of thing -- we've got to expect it. there's going to be turmoil. >> can you put it in context of today's jobs report. some worried that the investment boom created with shale and energy would hurt job creation in this country. so far things look good. >> it does look good. i am not that surprised. i think we are starting to see consumer spending. auto...
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Nov 19, 2014
11/14
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even russia is up. russia is a five-year low, but even that's doing well here. we had a little bit of better news this week overall. s&p did have very negative comments out on the potential for the ecb's buying program. they're going to have to expand that dramatically. that's going to get a lot of political blowback from the germans at this point. let's talk about the retailers because that's really what's moving things. carl's absolutely right. it's very important. i think, jim, you mentioned this, to show that lowe's is slowly closing the gap in terms of same-store sales. up 5.1 with home depot up 5.8%. lowe's has been a laggard for many, many years on this. it's interesting to see them starting to close the gap over there. earnings a penny above estimates. they raised their full-year guidance here. i'll tell you the problem i have with lowe's. it's expensive. we're essentially at a historic high for lowe's. that's now 22 times forward earnings. that's really on the high ends of where these retailers would typically trade at. i think that's probably going to
even russia is up. russia is a five-year low, but even that's doing well here. we had a little bit of better news this week overall. s&p did have very negative comments out on the potential for the ecb's buying program. they're going to have to expand that dramatically. that's going to get a lot of political blowback from the germans at this point. let's talk about the retailers because that's really what's moving things. carl's absolutely right. it's very important. i think, jim, you...
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Nov 17, 2014
11/14
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russia, of course. italy. france and germany not doing much to stay out of it. i mean we are with the exemptcen of india ahead of the game. we're not a big trade partner, as well as other countries. we have a big market here. i think that it's been so long that we have felt any self-respect that i think people don't believe, you know, the united states, i mean, if it -- if we don't have china, japan and europe going we're nothing. 85% of business is done with business people in america, it does mat. >> in japan, what do we expect will be the outcome of this? there's talk of a new government. >> yeah. >> he'll still be in control new york doubt about that. but to resolve any issue about the second part of the tax increase, which seemed to have a dill tear yus effect on americans to spend money. kuroda buying anything and everything they can in japan. or outside japan, too. >> look, i think that what -- when we saw some numbers, retail sales numbers out of japan after this happened most of the companies i deal with in japan are saying double digits. everybody who
russia, of course. italy. france and germany not doing much to stay out of it. i mean we are with the exemptcen of india ahead of the game. we're not a big trade partner, as well as other countries. we have a big market here. i think that it's been so long that we have felt any self-respect that i think people don't believe, you know, the united states, i mean, if it -- if we don't have china, japan and europe going we're nothing. 85% of business is done with business people in america, it does...
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Nov 12, 2014
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normally we would have thought russia was safe and al gee geri tentative. alibaba is communism with a human face. look, the russians are no friends. they're not our friends. they're not our buds. >> they're not pulling the shawl around our first lady. that's for sure. so the dow is down 75 on some weakness out of financials. bob posani is on the floor. >> good morning, guys. u.s. stocks are lower. we're lower across the board. europe was not particularly good. it's still trading, of course. sentiment there has been rather poor. not so in china. the shanghai composite hit a new three-year high. up 1% there. that's been a real big performer so far this year. i talked yesterday about a lot of excitement building around that shanghai/hong kong stock exchange link where foreign investors are going to be able to own shares in china directly if you have a hong kong brokerage account. they're talking about an explosion in trading there potentially. that'll go live next week. elsewhere, banks are generally to the downside. we had that u.k., u.s., and swiss regulator
normally we would have thought russia was safe and al gee geri tentative. alibaba is communism with a human face. look, the russians are no friends. they're not our friends. they're not our buds. >> they're not pulling the shawl around our first lady. that's for sure. so the dow is down 75 on some weakness out of financials. bob posani is on the floor. >> good morning, guys. u.s. stocks are lower. we're lower across the board. europe was not particularly good. it's still trading, of...
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Nov 5, 2014
11/14
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michelle caruso cabrera with the latest on what that means for russia. >> just in the last few moments, the russian ruble breaching 45 for the first time ever against the dollar. a record low. you can see now it's back to 44.8. slightly recovering. what you see at the bottom of that chart is the dollar strengthening over the ruble. the news today, guys, is that the russian central bank has made a startling and significant announcement indicative of the pressure they're under. they've announced they're essentially going to abandon trying to manage the currency. they spent $29 billion last month trying to defend the ruble, sometimes $2.5 billion per day. now they're going to reduce that to $350 million only, and within their press release, they basically say, look, the ruble is now going to be set by market forces. they got $440 billion worth of reserves, but you can go through that really quickly when you're trying to defend a currency. >> though in fairness, to look at the chart, they've not been very successful, which might be why they're abandoning. >> that's the whole point. they ra
michelle caruso cabrera with the latest on what that means for russia. >> just in the last few moments, the russian ruble breaching 45 for the first time ever against the dollar. a record low. you can see now it's back to 44.8. slightly recovering. what you see at the bottom of that chart is the dollar strengthening over the ruble. the news today, guys, is that the russian central bank has made a startling and significant announcement indicative of the pressure they're under. they've...
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Nov 4, 2014
11/14
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those prices coming lower, and then you connect that back to the credit problems associated back with russia. nothing like the scale of it over here. there seems to be perhaps an effort to push out some of the unconventional drillers that are doing things on a more speculative margin, so to speak of unconventional drilling. that perhaps is something that is going on, yes. >> is there a financial story in the energy market we are not talking about right now? thinking of the swings we've seen seeing at the close yesterday, oil prices falling out of bed out of nowhere. saudi headlines hit this morning they swung $2, $3. is there some algorithm, trade? why the fast money trades in and out the price of oil begin what's happening? >> i would suspect, i don't think there is a big collaborative speculative thing going on. it's possible once you start to get too much movement in a liquid commodity like crude oil, it can then be used by big institutional trading desks, perhaps. this is speculative in this conversation, that it starts to get connected back to forex trading and how you use that to trade
those prices coming lower, and then you connect that back to the credit problems associated back with russia. nothing like the scale of it over here. there seems to be perhaps an effort to push out some of the unconventional drillers that are doing things on a more speculative margin, so to speak of unconventional drilling. that perhaps is something that is going on, yes. >> is there a financial story in the energy market we are not talking about right now? thinking of the swings we've...
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Nov 3, 2014
11/14
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you can't be as worried because merkel looks like she might fold and because ukraine is speaking with russia. we had this checklist at ten points that people said on twitter you are a bear because they will never meet ebola under control and make it so earnings were good. i had a guy on last week from spirit air. i don't know if you know about ben. planes are running 99% full. refineries running 99% full. auto factories running 99% full. steel mills. we're 99% full in this country. >> 99% is a lot. >> you cannot -- >> that's serious inflation which might get the fed more concerned. >> with natural gas about to go to three bucks. oil about to go to -- >> oil concern is more about deflation but everybody thinks the dollar is going higher which makes me think it won't because everybody is on that train. >> if you're a retailer that wants to bring in things from overseas, i wish argentina made things. you could really buy everything from there. >> things would come cheap. >> thank you. colgate is sending a letter right now. >> those that import and it hurts exporters. >> we export -- hopefully w
you can't be as worried because merkel looks like she might fold and because ukraine is speaking with russia. we had this checklist at ten points that people said on twitter you are a bear because they will never meet ebola under control and make it so earnings were good. i had a guy on last week from spirit air. i don't know if you know about ben. planes are running 99% full. refineries running 99% full. auto factories running 99% full. steel mills. we're 99% full in this country. >> 99%...
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Oct 30, 2014
10/14
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wouldn't shock me if defense spending did go up given russia can't agree with ukraine. there's a lot. >> 7.8% rise in exports and government spending also, as well. >> where is that stuff going? >> by the way, higher dollar. this is last quarter, let's not forget. dealing with higher dollar now. conversely lower oil prices would seemingly prime the pump for the consumer. >> we are a huge exporter of gasoline. coal is a big part ever since fukushima. europe is a huge user of coal. there's something going on in the economy that shows, let's say activity. these numbers are fine. they are fine. >> they're fine. while on the subject of the markets though, talk about economies that are not showing great signs of life, europe. >> right. >> this morning, i think you've got europe getting hit again. >> except for germany. >> banks in particular though. they did stress tests. there seemed to be a positive response. banking is now 4% this week. >> germany, the economy is better. you can understand what merkel is doing. that economy has incredibly low employment. volkswagen came ou
wouldn't shock me if defense spending did go up given russia can't agree with ukraine. there's a lot. >> 7.8% rise in exports and government spending also, as well. >> where is that stuff going? >> by the way, higher dollar. this is last quarter, let's not forget. dealing with higher dollar now. conversely lower oil prices would seemingly prime the pump for the consumer. >> we are a huge exporter of gasoline. coal is a big part ever since fukushima. europe is a huge user...
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Oct 29, 2014
10/14
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to speak, and it's why you had to be away from all the big companies, because of europe, because of russia. u.s. steel, it's been a long time since we talked about letter "x" marks the spot. they blew in a number last night. it's on flat rolled steel. >> up 56%. >> this management came in and basically said, listen, we're going to scrap all the pie in the sky stuff we've been doing. we're going to take out costs, and we're just going to become a much smaller, leaner, meaner steel company, and it's succeeding. congratulations to them. it's really good quarter. >> wow. >> they have a lot of cash too. no longer liquidity issues. just a really good story. >> keeps going from here? >> great comeback story. it's not going to go back to 170, 180. if auto, truck build continues, it could do well. it's not an expensive stock. >> let's get to a name we do often talk about. >> here's where people are clustered. gilead is hard to understand because they've got another version coming up. the sales are run believable. here's a good headline. piper jaffray loves it. third quarter, not pretty, but not imp
to speak, and it's why you had to be away from all the big companies, because of europe, because of russia. u.s. steel, it's been a long time since we talked about letter "x" marks the spot. they blew in a number last night. it's on flat rolled steel. >> up 56%. >> this management came in and basically said, listen, we're going to scrap all the pie in the sky stuff we've been doing. we're going to take out costs, and we're just going to become a much smaller, leaner,...
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Oct 23, 2014
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what did we think in russia? obviously, russia shut down for the quarter. the numbers out of russia and gdp growth are horrendous. people are thinking gm is not as bad as ford or the ford outlook that mark fields gave us. >> about south america largely. >> south america was very good. >> compared to what shields led us to believe. >> gm, you could say underpromise, overdeliver. we were not sitting there talking about an incident that occurred where there were a lot of fatalities that fineburg's gotten involved in. this was not a recall quarter, it was an earnings quarter. i expect a backlash in the day someone will find fault in gm. in the end, we want europe to be stronger. a lot of what we are seeing is pmi france bad, germany better. we have to monitor these countries the way we did in 2012. i wish we didn't, but we have to. >> finally on the earnings front, yelp tumbling in the premarket after warning on current quarter revenue. comcast better than expected quarterly earnings. revenue a tad shy of consensus. at&t missed with its results cutting full-yea
what did we think in russia? obviously, russia shut down for the quarter. the numbers out of russia and gdp growth are horrendous. people are thinking gm is not as bad as ford or the ford outlook that mark fields gave us. >> about south america largely. >> south america was very good. >> compared to what shields led us to believe. >> gm, you could say underpromise, overdeliver. we were not sitting there talking about an incident that occurred where there were a lot of...
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Oct 22, 2014
10/14
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the one i'm most worried about now is russia. i like the fact the germans seem to be ready to do more. >> ten things. >> that they've already met. >> that's a lot. >> they met on friday. things have been going up ever since. you needed to see so much go right and so much went right. a testament to how the hedge funds were offsides. who would have thought that 40 people who surrounded thomas duncan would not come down with ebola? who would have thought that? the cruise ships wer ships werey shorted. six flags, disney. who would have thought -- i mean, rather remarkable things that have occurred that we had so many beaten races in technology after microchip. who would have thought that leadership would come back, the airlines and the biotech. are we due for a pullback? the market has gotten excited. >> we're up 7% in five or six days. here's the question. 1943 on the s&p is where a lot of people think -- is that the retracement level you need to reverse the bearish trend? >> yeah, i think it is. there's a lot of companies that will
the one i'm most worried about now is russia. i like the fact the germans seem to be ready to do more. >> ten things. >> that they've already met. >> that's a lot. >> they met on friday. things have been going up ever since. you needed to see so much go right and so much went right. a testament to how the hedge funds were offsides. who would have thought that 40 people who surrounded thomas duncan would not come down with ebola? who would have thought that? the cruise...
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Oct 20, 2014
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russia standing down. ebola under control. how can we hate the market as much as we did ten days ago? we can't. >> hasbro is a pretty good quarter. boys business up 22%. the "star wars" mattel franchise continues to do well. >> wait until "star wars" comes out next year. you're going to think why did i sell disney off of ebola when i shoud have been buying it off of "star wars" which i think is going to be huge. i think it -- you know, hasbro, i still want to buy just ahead of "star wars." i think "star wars" is going to be seismic for disney and you get disney and get it down, don't forget espn, yes, i did go to espn, i love it i play with adam open hand, my partner in fant su but i think that disney, when that went down that was a panic low and if that gets revisited you want to buy disney. >> touch an yahoo! the journal can today saying that marissa mayer is going to announce new cost-cutting measures. acquisitions. >> i think yahoo! -- i mean, the stock has been an unbelievable stock under mayer but the cat calls are there
russia standing down. ebola under control. how can we hate the market as much as we did ten days ago? we can't. >> hasbro is a pretty good quarter. boys business up 22%. the "star wars" mattel franchise continues to do well. >> wait until "star wars" comes out next year. you're going to think why did i sell disney off of ebola when i shoud have been buying it off of "star wars" which i think is going to be huge. i think it -- you know, hasbro, i still...
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Oct 17, 2014
10/14
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obviously, russia is a problem. saudi arabia, drilling like mad. >> with brent and wti coming down sharply, isn't that going to curtail plans or no? >> schlumberger presents itself more international oriented. spends more time talking about the margin expansion overseas. i agree. baker hughes' call was grim. the stock did rally. they are talking about $75 being that price where companies get in trouble. witness the chesapeake sale of fabulous properties put together. >> chesapeake pulled up sharply. >> southwestern did well, too. i think by the way, raymond james, those properties were extraordinary. typically the west virginia properties. they needed to do this trade. don't give up on southwest just because it's not a takeover target. >> one of your areas of expertise to another. oil to retail. urban outfitters, ugly. >> here is how you screw up. you have an analyst meeting on september 23rd where you said everything was great. then you issue a q last night which says things have slipped. you want to destroy your o
obviously, russia is a problem. saudi arabia, drilling like mad. >> with brent and wti coming down sharply, isn't that going to curtail plans or no? >> schlumberger presents itself more international oriented. spends more time talking about the margin expansion overseas. i agree. baker hughes' call was grim. the stock did rally. they are talking about $75 being that price where companies get in trouble. witness the chesapeake sale of fabulous properties put together. >>...
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Oct 14, 2014
10/14
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if russia were to say, we're done with sanctions and i hope you are too. if china picks up off the export number, we have scenarios that can be better. if isil somehow will be stopped -- >> iran's president says they're going to reach a deal on the nukes with us. that, by the way, will send oil down even further. >> venezuela needs it and nigeria, if ebola goes to nigeria, so far have been very effective. that's 3 million barrels. there's a lot of moving parts. and they're not all negative. but right now, the panic, because of, david, something you've taught me, the 200-day moving average -- actually, you didn't teach me that. you've been foxed on the fundamentals. you're a dinosaur. i'm a trier ceritops. what are you thinking? >> that we'll go up this morning. but you can actually confirm that by staying tuned. we've got the opening bell just a few minutes away. this is kathleen. setting up the perfect wedding day begins with arthritis pain and two pills. afternoon arrives and feeling good, but her knee pain returns... that's two more pills. the evening's
if russia were to say, we're done with sanctions and i hope you are too. if china picks up off the export number, we have scenarios that can be better. if isil somehow will be stopped -- >> iran's president says they're going to reach a deal on the nukes with us. that, by the way, will send oil down even further. >> venezuela needs it and nigeria, if ebola goes to nigeria, so far have been very effective. that's 3 million barrels. there's a lot of moving parts. and they're not all...
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Oct 3, 2014
10/14
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they can do this from russia, romania. eastern european hacking groups are prolific and very good at what they do. >> the account information, we don't know whether it was hacked. they said no evidence of that. that's somewhat reassuring. what else is inside those bank computers? what sensitive information is in the jpmorgan computer system? >> the personally identifiable information is name, address, e-mail and particulars like that. they didn't get social security numbers, didn't get dates of birth and other more sensitive information involving accounts. this he can do a lot with this information. they'll do that to engineer fishing e-mails to these customers. the customer is the weaker link here. >> this was a deep attack. this was on 90 servers as we now learned. let's assume jpmorgan has been totally transparent and told the truth about an attack that happened in june or july this year. three months down the line they were suggesting only 1 million people were affected. now in a regulatory filing they say 76 million.
they can do this from russia, romania. eastern european hacking groups are prolific and very good at what they do. >> the account information, we don't know whether it was hacked. they said no evidence of that. that's somewhat reassuring. what else is inside those bank computers? what sensitive information is in the jpmorgan computer system? >> the personally identifiable information is name, address, e-mail and particulars like that. they didn't get social security numbers, didn't...
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Sep 30, 2014
09/14
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this is not the case. >> we are getting breaking news out of russia this morning. we go to michelle caruso cabrera. >> we've seen the russian ruble at an all-time low. it is crossed below a level they said they would use unlimited reserves to defend the currency. we are at a critical level when it comes to what the central banks will do to defend the ruble. there are reports the russian central bank says if things get worse they might consider capital controls, which would be an extraordinary move for what is supposed to be a modern economy. theoretically, they have plenty of reserves. half a trillion dollars worth. when you have runs on a currency, you can run out of it fast. run through $200 billion during the last crisis back in the late '90s. once again, russian ruble at a critical level. the russian central bank has to be active to defend this currency. it's a reflection of everything we know since the situation with ukraine erupted. back to you. >> thank you for that. jim, i've been consistent saying not only are the sanctions going to hurt russia, but you sa
this is not the case. >> we are getting breaking news out of russia this morning. we go to michelle caruso cabrera. >> we've seen the russian ruble at an all-time low. it is crossed below a level they said they would use unlimited reserves to defend the currency. we are at a critical level when it comes to what the central banks will do to defend the ruble. there are reports the russian central bank says if things get worse they might consider capital controls, which would be an...
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Sep 29, 2014
09/14
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. >> did russia get solved over the weekend? >> a deal to supply ukraine with gas through the winter. >> i thought very positive. at the same time, there's weakness in germany, makes it so i question the numbers. look, i don't question numbers of u.s. domestic companies and russell 2000 companies. but is there a worst index right now than the russell 2000? the machines have run wild there, too. they're knocking out bids in the russell 2000 every day. the actual companies may be doing well but the indices are in charge. these are machine gun selling and buying. >> right. >> you've also -- the rally we had, certainly over the last few months, not broad. >> no. >> we pointed that out. >> we lost that. >> whether the russell or s&p as well. we lost the big industrials a long time ago. we lost the consumer products companies with exception of a mcdonald, which poorly performed. what does it all point to, then? rough road from here for the rest of the year? >> we need leadership. we don't need any more equities, we don't want any more
. >> did russia get solved over the weekend? >> a deal to supply ukraine with gas through the winter. >> i thought very positive. at the same time, there's weakness in germany, makes it so i question the numbers. look, i don't question numbers of u.s. domestic companies and russell 2000 companies. but is there a worst index right now than the russell 2000? the machines have run wild there, too. they're knocking out bids in the russell 2000 every day. the actual companies may...
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Sep 19, 2014
09/14
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our president has been saying we will defend japan against china, russia, ukraine, europe slowing down. china, we can talk about how great the consumer is about we see slowdown. japan. just not growing at all. where do you see the world? >> nap has been struggling the last 20 years, but i'm hopeful that there is a new changes that's happening. i don't know any company has any future of changes. i'm hopeful new changes will come. >> do you worry about china/u.s. relations in particular to alibaba and how that could conceivably impact the success of the company? >> any country has all kinds of political situations. we as business people see the customer all over the world. we love technology. technology takes the border away. in our business, politics is not the most important parameter. >> do we make a larger lesson here. i see people telling me to ask you, is this china eclipsing the united states? is this a statement about we are a great merchant country, but another country has come in and leapfrogged us in terms of the way we treat the customer and in the actual wholesale retail mod
our president has been saying we will defend japan against china, russia, ukraine, europe slowing down. china, we can talk about how great the consumer is about we see slowdown. japan. just not growing at all. where do you see the world? >> nap has been struggling the last 20 years, but i'm hopeful that there is a new changes that's happening. i don't know any company has any future of changes. i'm hopeful new changes will come. >> do you worry about china/u.s. relations in...
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Sep 8, 2014
09/14
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. >> do you see any impact on the geopolitical tensions between russia and europe on some of the flows and spending. >> america is on the up, it's very important. europe is now kind of -- an influence of the russian customers having an impact. china, it's not as strong as before. overall -- >> home country, italy, is in another recession. is your leadership, your prime minister, doing enough to fight it? third resession, i think, in the last six years. >> i think he's energetic, young, but you know we have to all support him. it's just a matter of time and the situation will turn around because italian have a passion to do the right things. we just have to move past reform and deflation go back. just a little bit patient. the action to make it happen. >> good to get a check on the luxury consumer globally from two of the best known italian companies out there, maserati and zegna. >>> when we come back, netflix outformed s&p and returns but one of the most hated stocks by analysts. why is that? we'll talk about that after the break. e break. male announcer ] ours was the first modern ai
. >> do you see any impact on the geopolitical tensions between russia and europe on some of the flows and spending. >> america is on the up, it's very important. europe is now kind of -- an influence of the russian customers having an impact. china, it's not as strong as before. overall -- >> home country, italy, is in another recession. is your leadership, your prime minister, doing enough to fight it? third resession, i think, in the last six years. >> i think he's...
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Aug 29, 2014
08/14
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russia is not the russia -- russia today is not the russia of two months ago or last year. this is a new russia. it is a mafia, kgb governed state. that's not what we had hoped in after the end of the cold war. we made decisions after the cold war. those decisions are now out of date. russia is a different, more threatening russia, and we have to counter that russia. >> another question on isis, is armed conflict necessary done with air strikes alone? >> can start with air strikes alone, but air strikes are not capable -- we can't do air strikes without good intelligence on the ground. we have allies in the kurds, and we are working with the iraqi army as well. there are americans there with both of those forces, both the iraq army, and so, yes, we need people on the ground and air strikes are important. >> okay. we'll leave it there. thank you for the time. ambassador william taylor. >> what's the impact of this on global market, the growing threat? our markets are negative, dow down 34 after a positive open. the nasdaq down as well, fractional losses, though, the ceo of p
russia is not the russia -- russia today is not the russia of two months ago or last year. this is a new russia. it is a mafia, kgb governed state. that's not what we had hoped in after the end of the cold war. we made decisions after the cold war. those decisions are now out of date. russia is a different, more threatening russia, and we have to counter that russia. >> another question on isis, is armed conflict necessary done with air strikes alone? >> can start with air strikes...
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Aug 25, 2014
08/14
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other people saying, we've got to stop russia. some people replaying the cold war and other countries are just going out and making a lot of money. >> a note from jpmorgan on jcp. they are keeping their neutral rating, 11 target, shares are set up for a long trade into the year-end, given restructuring, potential cal lift, around october 8th analyst day, up 4%. >> mike alman was not on the conference call that concerned people. still waiting for a permits change to jcpenney. they diluted the stock. there's a lot of stock. i watch the penny preferred. that shows you their balance sheet. it's been sneaking up more aggressively than the common. led the common down it's leading the common up. jcpenney goes higher. you don't realize that there's a return of people who went to macy's. it it doesn't matter, everybody wants these -- they want retail. they want retail and there's very few retailers other than radioshack that have kind of dropped off. amf, keeps sticking in my craw. the moment you push team retailers, teams shift to another
other people saying, we've got to stop russia. some people replaying the cold war and other countries are just going out and making a lot of money. >> a note from jpmorgan on jcp. they are keeping their neutral rating, 11 target, shares are set up for a long trade into the year-end, given restructuring, potential cal lift, around october 8th analyst day, up 4%. >> mike alman was not on the conference call that concerned people. still waiting for a permits change to jcpenney. they...
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Aug 21, 2014
08/14
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russia was tough, and, of course, russia affects all of europe, so i'd say europe is next. the united states, to me, feels like it's getting betser, and you know i said for many quarters, boy, i don't see the improvement, but it feels better to me, spending picking up, confidence to invest in it and future of your small, immediame big business. asia is doing well for us. we had a good quarter unlike our competitors, china was good to us. commercial pcs did well, printing did well in china, service was up double digits there. a good quarter in china. >> autonomy, two years since we sat here and talked about -- and you didn't use the words "fraud" , but i did. we have not seen anything. was that not what you said it was? >> autonomy, the wheels of justice says turn slowly, and we appropriately urn itted the investigation over to the department 6 justice, serious fraud office in the u.k., and they are doing their work, and nothing has changed in my mind from the time i, you know, the day after earnings went on cnbc to explain exactly what happened. i feel confident in the case
russia was tough, and, of course, russia affects all of europe, so i'd say europe is next. the united states, to me, feels like it's getting betser, and you know i said for many quarters, boy, i don't see the improvement, but it feels better to me, spending picking up, confidence to invest in it and future of your small, immediame big business. asia is doing well for us. we had a good quarter unlike our competitors, china was good to us. commercial pcs did well, printing did well in china,...
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Aug 19, 2014
08/14
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remember clocked 17 5 higher yesterday helped by perceived easing of tensions in russia and ukraine. geopolitics and strong u.s. housing report pushed treasuries to session lows, and yield at 2.38. we'll come back to that. jack is executive vice president and cio of vemo private bank, and the portfolio manage with lumis sales, gentlemen, good morning. >> morning. >> morning. >> jack how far can the mark go, do you think? >> you know, i think upside is probably single digits just because we need valuations to keep pace. you know, if we get a second boost from the economy and earnings and revenues catch up, we can go higher, but i think -- >> so when you say "single digits," what do you mean? the next 12 months, percentages, or talking about points? >> i'm saying in the next 12 months, you know, year end, next 12 months, that kind of thing. you know, over the near term, the thing is we're going to need some kind of leg, a catalyst, and it's going to have to eventually come from valuation and fundamentals, and right now, you know, we have a lot of liquidity, and that i'm starting to see
remember clocked 17 5 higher yesterday helped by perceived easing of tensions in russia and ukraine. geopolitics and strong u.s. housing report pushed treasuries to session lows, and yield at 2.38. we'll come back to that. jack is executive vice president and cio of vemo private bank, and the portfolio manage with lumis sales, gentlemen, good morning. >> morning. >> morning. >> jack how far can the mark go, do you think? >> you know, i think upside is probably single...
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Aug 18, 2014
08/14
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ambassador to russia. mr. ambassador, welcome to the program. >> thank you, simon. >> the bigger issue appears to be the ukrainian government forces seems to have had great military success over the one and closing in on pro-russian rebels what happen does vladimir putin do in the situation? kiev would like a rout of the forces sunday, independence day. can putin stay silent or does he need to do more? >> he's already moving. immediate objective is to hang on to the donetsk positions that the separatists carved out and he's supporting, including last week with apparently armored vehicles and fighters. there may be exaggerations about the numbers but something like that has clearly happened. and a complicated question because, in the end, it will probably result in some political settlement and putin would like that political settlement to give him something he can call a victory because it's important to his position in the eyes of the russian people that he continue to turn in the kind of nationalist exploits
ambassador to russia. mr. ambassador, welcome to the program. >> thank you, simon. >> the bigger issue appears to be the ukrainian government forces seems to have had great military success over the one and closing in on pro-russian rebels what happen does vladimir putin do in the situation? kiev would like a rout of the forces sunday, independence day. can putin stay silent or does he need to do more? >> he's already moving. immediate objective is to hang on to the donetsk...
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Aug 7, 2014
08/14
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there's many stories overlooked because of russia. i think people don't understand how important russia is in the mind -- the industrial pull out of isi, what are people afraid of? afraid of russia. they default to stories like kellogg, yesterday. they are not doing that well, but they won't stop them. they keep buying. >> right. we talked, of course, all week long about the withdrawal bids of m&a, and 19% of m&a withdrawn this year, third highest since 1995. >> in those days, that would have crushed the market. now the macro guys run the world and the other guys are not a factor. sprint was, i think, mostly held in retail people, frankly, and time warner, you had a good chance to make money there. you didn't have to ride it out. >> yeah, yeah, very true. a big week for the food business, mcdonald's with the guarantee of food in a minute. wendy's out, penny shy. jack beats by eight cents at 65, and they raise, by the way. >> people don't mind wendy's, they were down. jack in the box is such an amazing story because first of all, the a
there's many stories overlooked because of russia. i think people don't understand how important russia is in the mind -- the industrial pull out of isi, what are people afraid of? afraid of russia. they default to stories like kellogg, yesterday. they are not doing that well, but they won't stop them. they keep buying. >> right. we talked, of course, all week long about the withdrawal bids of m&a, and 19% of m&a withdrawn this year, third highest since 1995. >> in those...
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Aug 5, 2014
08/14
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i care about loss of life if there's a war, but recognize russia is driving the bus. that's not why target disappointed, but because they lost their way. coach may have stopped losing their way. i mean, we have case by case stuff, but overall, i mean, yesterday was just kind of a, well, it's been down a lot. maybe shouldn't be this much. it was not a bad day, but the nasdaq had a strong performance. >> groupon, by the way, yesterday, rallied ahead of the earnings report. after the bell, a nice line on the market performance yesterday, the stock market acts like the boy who cried wolf. in other words, we have a selloff, everybody says this is it, the big one, and it never happens. >> that does happen. you can round up bears and russian bears. look casely case. look what connected last night. they are smart. just a brilliant move. they buy cars.com, split the company, give you the spinoff of the digital and broadcast. that's an example of what happens. you know what? company survivor. they do the right thing. >> i wonder if that means one will be for sale being separate
i care about loss of life if there's a war, but recognize russia is driving the bus. that's not why target disappointed, but because they lost their way. coach may have stopped losing their way. i mean, we have case by case stuff, but overall, i mean, yesterday was just kind of a, well, it's been down a lot. maybe shouldn't be this much. it was not a bad day, but the nasdaq had a strong performance. >> groupon, by the way, yesterday, rallied ahead of the earnings report. after the bell, a...
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Jul 24, 2014
07/14
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russia, there's too much not doing well here at caterpillar to get me excited to give them the runs. that's why the stock is done. this has got to be more of a mining play. >> they did see 2 million buybacks in this quarter. >> good luck. you squeeze the source by blowing away revenues. it's some of the best growth i've seen with this quarter. you don't queasy them with buyback. i think it's important to point out that they are -- if they get china right, the stock is going to the moon but they haven't. they haven't gotten china right. >> you want to do tea here later? >> later. the thing with at&t, they seem to be aggressively rebasing their entire list of customers down and that is going to have fewer of them turning off because why would you and it's going to put pressure on sprint and t-mobile. it's a conversation that we can go into more detail. we also want to talk airlines perhaps. with. >> dif tends, gilead. >> american airlines a. dividend. >> 10 cent dividend. >> doug barker on with a great interview this morning. i know american is great. how quickly do we take for granted
russia, there's too much not doing well here at caterpillar to get me excited to give them the runs. that's why the stock is done. this has got to be more of a mining play. >> they did see 2 million buybacks in this quarter. >> good luck. you squeeze the source by blowing away revenues. it's some of the best growth i've seen with this quarter. you don't queasy them with buyback. i think it's important to point out that they are -- if they get china right, the stock is going to the...
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Jul 23, 2014
07/14
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i like the fact that brazil, russia, india, china very strong. 94 mac, selling well against an industry not doing well at all. you have the highest growth rate in zent quarter so people buy the stong. >> people focus on new products. the larger screen, 80 million iphones preparing to potentially produce. one would expect the bigger that screen, perhaps less reason on the mini ipad front to buy that that the sizes are not different unless they are on that front as well, also an expectation. >> i think one of the analysts yesterday said they consider this new large screen phone its own platform. all right? it's not going to be a phone, but a new category. >> the samsung killer and ibm deal is a blackberry killerment company on the offensive in its quiet way. job was never afraid to canni l cannibalize product. cook never afraid to cannibalize product. the call was assertive, describing the good capital allocation, and not beating the chest, but i think the reason why i'm putting it like this because i think people want to -- they -- people want to sell the stock on headlines. as there was
i like the fact that brazil, russia, india, china very strong. 94 mac, selling well against an industry not doing well at all. you have the highest growth rate in zent quarter so people buy the stong. >> people focus on new products. the larger screen, 80 million iphones preparing to potentially produce. one would expect the bigger that screen, perhaps less reason on the mini ipad front to buy that that the sizes are not different unless they are on that front as well, also an...
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Jul 18, 2014
07/14
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russia needs to cooperate now. >> mr. chairman, did you see the comments that hillary clinton has made to charlie rose? she is suggesting, actually, that it's the europeans that should take the lead on sorting this out. do you agree? do you feel as we await the president speaking in now 26 minutes' time, that the white house is playing the role that it should do? >> well, the reality is that the europeans are on the ground, with those 40 dutch inspectors, you also have the wider inspection teams of ikl and the other international teams that deal in civil aviation. cases like this. the question is -- who's got that black box? let's get it. the question is, let's get to the crash site before, as you say, it's contaminated, and let's get cooperation out of russia to show they're going to work with the international community and especially the european community that frankly is on the ground right now. >> chairman royce, i want to ask you about the escalating situation in israel, in gaza. i know it's an issue very important
russia needs to cooperate now. >> mr. chairman, did you see the comments that hillary clinton has made to charlie rose? she is suggesting, actually, that it's the europeans that should take the lead on sorting this out. do you agree? do you feel as we await the president speaking in now 26 minutes' time, that the white house is playing the role that it should do? >> well, the reality is that the europeans are on the ground, with those 40 dutch inspectors, you also have the wider...
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Jul 17, 2014
07/14
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the great bear, which is russia driving up the stocks too. remember russia, didn't they -- >> thought the great bear was stanley -- >> a lot of great bears today. >> a lot of stocks to watch. high stocks already. opening bell above five minutes away. stay with us. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. >>> welcome back to "squawk on the street," i'm mary thompson. i just got off the phone talking about the second quarter where the company beat the street if you take out items that beat 60 cents, and the second quarter called solid, talking about a discreet tax benefit linked to a review of the company's results over the
the great bear, which is russia driving up the stocks too. remember russia, didn't they -- >> thought the great bear was stanley -- >> a lot of great bears today. >> a lot of stocks to watch. high stocks already. opening bell above five minutes away. stay with us. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that...
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Jul 14, 2014
07/14
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hits international equities due to ukraine and russia volatility. decreased exposure to russia and ukraine, have 30,000 people in compliance by the end of the year no update on mexico. >> 30,000 compliance. >> compliance increase paid for by cost cuts elsewhere. highlights from the call with reporters that the -- >> you'll see the paul weiss deal go down. it's funny, talking about apple bringing advertising in-house. i once made a joik ke how jpmor out to make a bid for paul weiss. they are my attorneys. when you see the big settlements, you also are able to get smaller legal fees. when you see citi holdings, swing to a profit, that's also smaller legal fees. legal fees, i can't tell you how much the hidden pain they have caused banks. >> a lot of the law firms, the lehman bankruptcy alone, what did it deliver? a billion in legal fees, something like that at least. there were law firms staying alive on just that there right. >> thriving, not just staying alive. >> did you see the number of people taking the lsat down 6% over last year? >> that is so
hits international equities due to ukraine and russia volatility. decreased exposure to russia and ukraine, have 30,000 people in compliance by the end of the year no update on mexico. >> 30,000 compliance. >> compliance increase paid for by cost cuts elsewhere. highlights from the call with reporters that the -- >> you'll see the paul weiss deal go down. it's funny, talking about apple bringing advertising in-house. i once made a joik ke how jpmor out to make a bid for paul...
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Jun 12, 2014
06/14
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hockey team in 1980 they didn't think they could win the gold against russia. i think we got to believe that we can go as far as the final. you got to believe and you got to think that you can stand and toe to toe. we have a tough group and the game here is less mature than it is in argentina, brazil or spain or england but we have great players a good coach, i think we have a good opportunity. i think we can go pretty far. i'm hoping we get out of the group. it's not going to be an easy task but i'm behind our guys. in our office pool i picked the usa to go all the way, man. >> just changing the subject slightly, commissioner. do you share visa and sony and coke concerns over how the 2022 world cup was awarded to qatar? >> i don't feel good about that. president clinton was quoted today talking about how he was so upset, he was our vice chairman, and we were sitting together in zurich when it was awarded to qatar and he went to his hotel room and he smashed a mirror. we were all shocked, frankly. fifa has made their decision. they're going to have to figure ou
hockey team in 1980 they didn't think they could win the gold against russia. i think we got to believe that we can go as far as the final. you got to believe and you got to think that you can stand and toe to toe. we have a tough group and the game here is less mature than it is in argentina, brazil or spain or england but we have great players a good coach, i think we have a good opportunity. i think we can go pretty far. i'm hoping we get out of the group. it's not going to be an easy task...
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Jun 3, 2014
06/14
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russia is a little challenged right now. quick silver this teenage apparel is fickle. you just don't know. look at that. that's not a two for one split or three for five or whatever. it is when you get it wrong. the balance sheet not that good there. when you get it wrong it is wrong in teenage apparel. you know, you're just selling the wrong clothes, you got -- and they also lost their -- they had a guy who was a great surfer, i don't know the surfer market that well, i do know that what happens when you lose a spokesman, we weren't really sure about why they lost the spokesman but he had been with them 20 years, and i think that hurt them too. >> dude bring in a lot -- get the guy's name. maybe you know him. kelly -- help me here. >> david slater. >> you're amazing. >> chrysler up 17, estimates 14, they see u.s. auto sales the annual run rate at 16.9, the best year since 2006, and then nissan crossed 18.8 their best year ever. >> this is amazing. it's amazing. we know that the average age of cars is 12. you need a car to get a job. when you have a job you need a car.
russia is a little challenged right now. quick silver this teenage apparel is fickle. you just don't know. look at that. that's not a two for one split or three for five or whatever. it is when you get it wrong. the balance sheet not that good there. when you get it wrong it is wrong in teenage apparel. you know, you're just selling the wrong clothes, you got -- and they also lost their -- they had a guy who was a great surfer, i don't know the surfer market that well, i do know that what...
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May 27, 2014
05/14
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heavy exposure to russia. >> tonight on "mad money"? >> continuing with this theme of natural and organic. it's been a winner. the companies that sell into it, sunopta is one. you see a whole food dpouns and say, that industry is over. no. this is an arms dealer situation. everybody who has product that is natural and organic selling well. >> see you tonight, jim. >> good to be back. >> breaking news on consumer confidence and founder of jetblue when we come back. we c. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards even cash back. and my rewards points won't expire. so you can make owning business even more rewarding. ink from chase. so you can. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a b
heavy exposure to russia. >> tonight on "mad money"? >> continuing with this theme of natural and organic. it's been a winner. the companies that sell into it, sunopta is one. you see a whole food dpouns and say, that industry is over. no. this is an arms dealer situation. everybody who has product that is natural and organic selling well. >> see you tonight, jim. >> good to be back. >> breaking news on consumer confidence and founder of jetblue when we...
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May 21, 2014
05/14
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break the hammer lock of russia. looks like that's not happening. >> you have not been historically a huge fan of integrated versus some of the smaller companies, right? >> well, the smaller -- i like companies with 30%, 40% growth. it used to be that you bought sales force.com. now you buy eog. but you know what, the stability of chevron is intriguing to me. this stock has been like -- this stock has been wow, look at this, it shows absolutely nothing when i do that. you know what, i look like an idiot but that's okay because that's nothing new for me. i do think conaco is the strongest performer because it's linked with natural gas and oil. >> interesting comments from rick perry yesterday regarding -- >> fantastic. perry is the energy governor. people who are fossil fuel guys will dismiss this guy entirely. i believe in the best possible fuel which is natural gas. >> when we come back, we will get the opening bell, about five minutes away. female narrator: through memorial day female narrator: through memorial day
break the hammer lock of russia. looks like that's not happening. >> you have not been historically a huge fan of integrated versus some of the smaller companies, right? >> well, the smaller -- i like companies with 30%, 40% growth. it used to be that you bought sales force.com. now you buy eog. but you know what, the stability of chevron is intriguing to me. this stock has been like -- this stock has been wow, look at this, it shows absolutely nothing when i do that. you know what,...
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May 15, 2014
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russia down 28. returning to growth, returning to wireless up three. look, the -- some of the gross margins better because set top box, was a tough thing for cisco but the guidance was good, i've got to tell you when he gets it right, i have slammed john very hard and i know that the relationship, i frayed the relationship, and that's not what it's about. it's not about friends. it's about money. this was a good quarter. >> we mentioned pfizer dealing with government concerns so to speak. you mentioned ge. we should mention france reported to fortify its anti-takeover law so now it may be in a position to actually have to -- they have to get government approval. broadening 2005 law. this is according to reports. so ge stock is up but it is worth noting ge you have these nations getting more and more involved. >> right. it's funny, because we -- our country is again, very much more free market other than the chinese. any foreign company can buy except for china. >> china can't. >> china can't. chinese can't. they've done a couple one third deal joint ve
russia down 28. returning to growth, returning to wireless up three. look, the -- some of the gross margins better because set top box, was a tough thing for cisco but the guidance was good, i've got to tell you when he gets it right, i have slammed john very hard and i know that the relationship, i frayed the relationship, and that's not what it's about. it's not about friends. it's about money. this was a good quarter. >> we mentioned pfizer dealing with government concerns so to speak....
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May 14, 2014
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recession, russia. but how can interest rates go down on one of the hottest ppis we've had. >> not to mention the suspicions that we're seeing wage inflation. >> yeah. >> we know what food inflation is doing in this country. >> in the uk they reported some unbelievable numbers. they're going to raise interest rates sooner rather than later. >> if you had the choice between the ten-year spanish ten-year and the u.s. ten-year where -- and where they are right now, where would you go? >> it's a whole lot less of all evils. you have to own the u.s. versus the spanish ten-year. the portuguese ten-year. the irish. >> why wouldn't you buy ours at 2.6. >> the answer is it's shortage of high quality paper. no one wants to say that. everyone says the budget deficit is big. i'm going to talk about that with timothy geithner tonight at barnes & noble. how about that at union square. did you like that plug i put in? >> that was well done. >> done well, right? there's a bond shortage. government is not running the de
recession, russia. but how can interest rates go down on one of the hottest ppis we've had. >> not to mention the suspicions that we're seeing wage inflation. >> yeah. >> we know what food inflation is doing in this country. >> in the uk they reported some unbelievable numbers. they're going to raise interest rates sooner rather than later. >> if you had the choice between the ten-year spanish ten-year and the u.s. ten-year where -- and where they are right now,...
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May 13, 2014
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. >> against russia. >> against russia and i think as long as russia stays low key and off the front pages, you can do this. but if russia comes back and we see something, it's been a mistake to think russia is over. >> absolutely. especially now, they will have these separatists essentially sovereign states they want to make. new russia. >> yeah. >> as it's called. >> you have to keep it -- europe does not want something to happen. i think we're pushing something to happen. bigger sanctions will make it so people start worrying about europe european economy. when the vix this low and had that boiling, i had rangold on last night, stock is down but saying, listen it's not like the turmoil is going away. i think that's true. >> keurig top of the list this morning as coke reaches a deal to up its stake to 16%. >> they're too much, man. coca-cola. it's like -- i mean i wonder if coca-cola says wow a lot of people short now. let's take it to them. i used my keurig this morning and think -- >> cold or hot beverage? >> hot. i like the 8:00 coffee and i was using it saying, wow, i remember
. >> against russia. >> against russia and i think as long as russia stays low key and off the front pages, you can do this. but if russia comes back and we see something, it's been a mistake to think russia is over. >> absolutely. especially now, they will have these separatists essentially sovereign states they want to make. new russia. >> yeah. >> as it's called. >> you have to keep it -- europe does not want something to happen. i think we're pushing...
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May 9, 2014
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russia, ukraine, weather, you name it. nike ceo told me nike is seeing a bump in sales from the world cup. i asked the adidas ceo why the leadup isn't helping his bottom line. >> as always in the world cup year, the best quarters are the first quarter the year before when we start to launch the jerseys and official match ball. last year in the first quarter, you have seen it, and then the second quarter which is just before the world cup. let me make it clear we grew our football business in the first quarter by 2%. >> now the -- 27%. >> the back story which could make it worrisome for adidas, nike's market share in europe is growing. and lately it's been seeing double-digit increases on adidas' home turf. it's been ramping up sales of soccer cleats and jerseys, challenging adidas' dominance in this sport. so we asked the ceo of adidas about the threat from nike. >> it is definitely a two-horse race and we are battling about market share. this is quite clear. when you see in europe and also in the rest of the world, we are
russia, ukraine, weather, you name it. nike ceo told me nike is seeing a bump in sales from the world cup. i asked the adidas ceo why the leadup isn't helping his bottom line. >> as always in the world cup year, the best quarters are the first quarter the year before when we start to launch the jerseys and official match ball. last year in the first quarter, you have seen it, and then the second quarter which is just before the world cup. let me make it clear we grew our football business...
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May 8, 2014
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this began with russia's illegal invasion of crimea. it deepened with the decision to begin stirring unrest in the east and it's going to end because russia makes a decision to pull back and to send a new signal to its proxies and agents across eastern ukraine. if it doesn't pull back, if that change in signals does not happen, there will be further economic costs which we will work very closely with our european partners to lay out. but we hope very much that that doesn't come to pass and that we can make this diplomatic strategy successful. >> all right. very valuable perspective. thank you for joining us, mr. ambassador, geoff pyatt. i know that ukrainian elections are set for may 25th. >>> the biggest rally in the euro for three weeks. joining us next, the former ecb president jean-claude trichet will weigh in on central bank policy. squawk on the street will be right back. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? wha
this began with russia's illegal invasion of crimea. it deepened with the decision to begin stirring unrest in the east and it's going to end because russia makes a decision to pull back and to send a new signal to its proxies and agents across eastern ukraine. if it doesn't pull back, if that change in signals does not happen, there will be further economic costs which we will work very closely with our european partners to lay out. but we hope very much that that doesn't come to pass and that...
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May 5, 2014
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late friday they said the revenue for the second quarter is down about 20% and expects exposure to the russia developing to about $4.7 billion the ends of march. you have state street and goldman sachs. and recommended shareholders vote against morgan's compensation plan and that stanley was paying too much to its executives. the worst performing sector, financials. back to you. >>> as we have been reporting all morning long, gregg steinhafel stepping down. joining us the former chairman and ceo of martha stewart living on the media and currently ceo of cek entertainment. charles, good to have you back. good morning. >> good morning. how are you doing? >> pretty good. you think about this data breach. when a company has an event, a negative event of such scale, i wonder is it any surprise the ceo is leaving? >> i think you have to look at this as a company who has an extremely active board. the breach was five months ago. they've almost got that behind them. i think this is more about the board deciding on the need to transform the company. >> in what sense? we know about the troubles in cred
late friday they said the revenue for the second quarter is down about 20% and expects exposure to the russia developing to about $4.7 billion the ends of march. you have state street and goldman sachs. and recommended shareholders vote against morgan's compensation plan and that stanley was paying too much to its executives. the worst performing sector, financials. back to you. >>> as we have been reporting all morning long, gregg steinhafel stepping down. joining us the former...
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May 2, 2014
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russia's call for a u.n. security council meeting and word that unrest is moving to odessa, the third largest city there. >> reporter: yeah. events are in the moving in a good direction in the eastern ukraine and i think the president and the chancellor are going to address those and see how best they can maintain a united front and deep disagreements on the pace and depth of sanctions advisable at this point. you've also got the favorable jobs report i would expect the president to talk about that but not to disagree entirely with what we heard from rick santelli and the pace of growth is still not fast enough and unemployment is not down enough for the satisfaction of anybody and i'd expect the president to address all of that in the fairly brief news conference that we'll have after two of them make opening statements. >> when that happens, john, we'll come right back to you. john harwood in the rose garden on this friday morning. when we come back, president obama's news conference. dow's down 24. s at yo
russia's call for a u.n. security council meeting and word that unrest is moving to odessa, the third largest city there. >> reporter: yeah. events are in the moving in a good direction in the eastern ukraine and i think the president and the chancellor are going to address those and see how best they can maintain a united front and deep disagreements on the pace and depth of sanctions advisable at this point. you've also got the favorable jobs report i would expect the president to talk...
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May 1, 2014
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the new sanctions on russia, do you have any indication that they are having an effect. >> it's too soon to tell, but the president has been very deliberate, very measured. we've had a lot of engagement with our business community here, engaging their reaction to our sanctions and so far we have had their full support as well as, of course, importantly the support of our allies in the g- 7. >> want to ask you about an issue that has gripped america this week the nba scandal. do you think a $2.5 million fine and bap for life for donald sterling is punishment enough for what he said? >> well look, we support his decision. it's up to the nba and adam silver did a swift and thorough investigation and he reached a conclusion and we support his conclusion. >> do you think your fellow chicagoan oprah winfrey should bid for the clippers? >> i heard about that. i was excited to hear she was interested. seems to be a lot of buzz going on about that. >> sounds like you support the idea of him no longer owning the team though. >> i support the decision of adam silverman. i think what he said was out
the new sanctions on russia, do you have any indication that they are having an effect. >> it's too soon to tell, but the president has been very deliberate, very measured. we've had a lot of engagement with our business community here, engaging their reaction to our sanctions and so far we have had their full support as well as, of course, importantly the support of our allies in the g- 7. >> want to ask you about an issue that has gripped america this week the nba scandal. do you...
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Apr 25, 2014
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on russia and ukraine. we have seen a drop off in cross-border volume and then they're talking about the idea of transaction processing going away in russia? the russians may kick them out. >> it's also a factor in the ford call today or the ford results having to idle production in that country. >> this is -- russia is a major, major negative all of a sudden. and you're talking about a competitive national payment scheme. you know what that sounds like to me? venezuela. how many times do you see colegate today, charge venezuela. in fairness to visa, it's in influx, we don't know, whatever. i tell you it took my breath away. i didn't know it was that big the russia. now i know. >> now you do. >> holy cow. >> we're going to talk to howard schultz in a little bit. an exclusive with the ceo of nike, mark parker, whose company has been in the spotlight this week because of wearable tech of course. but up next as we said, ford shares off to a rough start. the automaker messy quarter and earnings miss. we'll brea
on russia and ukraine. we have seen a drop off in cross-border volume and then they're talking about the idea of transaction processing going away in russia? the russians may kick them out. >> it's also a factor in the ford call today or the ford results having to idle production in that country. >> this is -- russia is a major, major negative all of a sudden. and you're talking about a competitive national payment scheme. you know what that sounds like to me? venezuela. how many...
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Apr 24, 2014
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but it relates not to just what's happening in russia. people are concerned about the united states stance on what they did in syria and perhaps as a result of that, many of the actions that you're seeing right now, are a counter reactionship to that. i'm not going to tell you what i know. what i tell you is that the federal reserve bank in this country and the central bank of europe are going to be very, very aware as they've been for the last several years that these tensions create the instability you'll see some stability out of them. >> if the european central bank because of this goes into qe, which it may well do. >> correct. >> will that boost the asset markets here or just hold them. >> do you remember the day that you and i sat here on this set together when draggy came out and said -- >> i'll do whatever. >> i do remember. >> and you and i looked at each other and both looked up the at tape that day and said that's a pivotal change. >> they were disappointed, only days later. >> the euro moved. >> two days later. >> as we wrap
but it relates not to just what's happening in russia. people are concerned about the united states stance on what they did in syria and perhaps as a result of that, many of the actions that you're seeing right now, are a counter reactionship to that. i'm not going to tell you what i know. what i tell you is that the federal reserve bank in this country and the central bank of europe are going to be very, very aware as they've been for the last several years that these tensions create the...